UK Competition Authority Investigating Gallagher Bid to Buy Willis Re October 5, 2021 By Susanne Sclafane The UK’s Competition and Markets Authority (CMA) said today that it is investigating the anticipated acquisition of the treaty reinsurance...
Swiss Re Estimates Europe’s July Floods to Cost Insurers $12 Billion October 5, 2021 Swiss Re estimated total insured market losses of the insurance industry due to the July floods in Europe at approximately...
China Tells Insurers, Banks They Must Ensure Coal, Power Financing Needs Are Met October 5, 2021 By Ryan Woo China’s banking regulator said on Tuesday that lenders including policy banks must ensure that the financing needs of the coal...
UK Gender Pay Gap Widens for Insurers, While Banks Make a Slight Dent October 5, 2021 By Carolyn Cohn and Iain Withers Major banks in Britain made a slight dent in their gender pay gaps last year, according to a Reuters analysis,...
Climate Reckoning Is Coming for the World’s Government Debt October 5, 2021 By Jill Ward For years climate scientists have warned about the ferocious wildfires and hurricanes that are now overwhelming many communities. Today alarms...
Gallagher Acquires Grand Cayman’s Briat, UK’s Manchester Underwriting October 5, 2021 Global insurance broker Arthur J. Gallagher & Co. announced it has acquired two agencies: Grand Cayman-based Briat Insurance Ltd. and...
People Moves: 1st Sustainable Insurer Names Foreman as Chair; Piiq and Gallagher Appoint Aerospace Execs; Optio’s Nuclear MGA Northcourt Hires Tetley as MD October 4, 2021 This edition of International People Moves includes appointments at the first sustainable insurer, Parhelion; at brokers Piiq Risk Partners and...
Boutique Broker McGill and Partners Launches Bermuda Operation October 4, 2021 McGill and Partners, the boutique specialist re/insurance broker, is set for further expansion following regulatory approval for its Bermuda operation....
New Delhi-Based Insurtech Startup SafeTree Raises $1 Million in Seed Funding Round October 4, 2021 New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed...
Aston Lark Acquires UK Insurance Broker S. Johnson & Co. October 4, 2021 Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of S. Johnson & Co....